Mid-week in any stock exchange/market is always a time when investors begin assessing how aggressively they want to be over the remainder of the week. Sometimes, investors fall back slightly and consolidate their gains (or engage in damage control of the losses by selling off and trying to enter the market at a lower share price) though other investors will continue onward until the end of the trading week. The below OTC stocks are proving to be very active, both from a trading standpoint as well as in the level of conversation they’re generating, in the markets so far today:
- Neah Power Systems, Inc. (OTC: NPWZ), which is a maker of high-tech power systems for portable electronic devices such as notebook PCs, is having quite a morning in terms of the volume of its shares that are trading (as well as the chatter about it on a number of OTC bulletin boards and chatrooms). Its share price going into the noon hour (EST) is currently at $0.0105, up 40% from its open this morning, and nearly 8 million shares have changed hands.
The trading volume of NPWZ stock is exceptional today and much higher than its typical average daily volume of 1.04 million shares. It’s also a healthy company that’s sitting at the moment on a $1.30 million market cap, 124 million outstanding shares (on a float of about 77.1 million shares) and an authorized share figure of 500 million, meaning there’s plenty of room for vigorous investing if one is of a mind to day trade stock in this company. Neah Power Systems, Inc. recently released news of a licensing system that will allow its customers to manufacture what it calls “micro fuel cells” for portable electronic devices using NPWZ technology. The company, then stands to reap great rewards from such licensing agreements.
- Another mobile and social media-type OTC stock that’s doing exceptionally well today in terms of trading volume as well as the conversation about it among traders and investors is Mission Viejo, California-based Godfather Media, Inc. (ENKG), with more 25.5 million shares traded during the morning OTC market session. Shares of ENKG stock are moving briskly at a current price of around $0.0035 per share, which was the price the stock opened up at earlier this morning. The stock has traded as high as $0.0069/share throughout the morning and the afternoon session promises to be just as robust.
Social media marketer ENKG is having an exceptional trading day.
Expect Godfather Media, Inc. share prices, though, to rise and fall above and below its open as shares trade hands at rapidly escalating rates. Shares in this company are also trading well above the average daily volume of 3. 60 million. At present, nearly 290 million shares are outstanding, with the company sitting on a nearly $200,000 market cap.
Overall, OTC markets today are moving along at a nice pace and there are likely to be a number of solid entry and exit points for investors looking for ripe day trading opportunities. Given the hyperactive nature of trading in the above two stocks, it would appear they’re more for the day traders out there, at the time, rather than those looking for serious long-term prospects, though a hundred-dollar investment in either company, should their stock rise appreciably over the next 6 t0 12 months, could be a smart gamble.
